New economic data and earnings from FedEx, Jabil

CNBC’s Jim Cramer on Friday told investors what to look out for next week on Wall Street, including new economic data and earnings from FedEx and manufacturer Jabil. He also remarked on this week’s big decline in tech stocks. He said he still believes in the power of artificial intelligence and suggested some of these…

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Broadcom tumbles 11% after earnings as AI trade sells off

Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom’s quarterly results and guidance sailed past Wall Street estimates. It didn’t matter. The chipmaker’s shares plummeted 11% on Friday, their worst day since January, as investors ran for the exits on the artificial intelligence trade. Oracle dropped 4.5% a day after plunging 10% following its earnings…

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